Why the tories do not deserve to win the next election

[ratewhore]

What a load of rubbish. So what if there are rich kids who don't have to work. There always has been and always will be so get over it. If I can provide for my children in event of my death then I will but if the money will go to the government I can guarantee I will piss it up against the wall instead.

Incidentally, if this is the only reason you can think of for the Tories not to win the general election then things aren't so bad after all...

[VectraMan]

You die and your children are young, what happens?

You die and your children are at college (aged 18) hoping to go through Uni. They would have nothing, no one alive to help them through, and no inheritence to fall back on.

I admit there are problems like this, but then the same is true of inheritance tax today. You'd obviously need to have exceptions for dependents, be they spouses or under 18s. And FWIW, my parents were very much alive when I was at university (still are thankfully) but couldn't afford to give me money.

What would the point of achieving anything more than min wage? Such a policy would drive out those with assets and make trying to achieve anything worth value pointless.

So the only reason you earn money is so you can leave it to your children when you're dead? Personally I wouldn't be happy living off minimum wage, not because of wanting to leave anything behind, but because I want a better life for me.

Of course I might have a different perspective if I had children or rich parents.

Okay so this would never work and would never happen. But I think as a principle it has some merits, and the arguments against seem to mainly consist of "because I don't want to" rather than anything of substance. But we all have to pay tax, so the question is what is the fairest way of collecting it? Should the hard working have to pay more tax than the lucky?

[tay]

If we want a meritocratic society then inheritance tax should go all the way. If you have worked hard all your life then fine, what on earth are you going to do with it when you die? Giving the money to people does them no good at all. And why is doling out welfare to chavs any different from doling out daddy's wealth?

There are also too many people and families with too much power and too much money that they have not earned themselves-their lives are ruined. There are no families of rich people who would be ruined by not being given inheritance money-it will harm them not a jot.

reduce lower rates on income tax and corporation tax, as these taxes are much more harmful than inheritance tax.

So you are leaving your money to the govt?

[The Lone Gunman]

If we want a meritocratic society then inheritance tax should go all the way. If you have worked hard all your life then fine, what on earth are you going to do with it when you die? Giving the money to people does them no good at all. And why is doling out welfare to chavs any different from doling out daddy's wealth?

There are also too many people and families with too much power and too much money that they have not earned themselves-their lives are ruined. There are no families of rich people who would be ruined by not being given inheritance money-it will harm them not a jot.

reduce lower rates on income tax and corporation tax, as these taxes are much more harmful than inheritance tax.

I understand your point, but as I said, where are the incentives to invest? Why would anyone purchase shares or property? Why would anyone work beyond what they could reasonably spend in a life time?
There is a down side to your point, I just want to hear your thoughts.

I knew a kid once who was bought a 911 for his 18th. He was a total hooray who squandered his education and sneered at us poor kids. I asked what he would do when daddy went bust, quite prophetically as it turned out. Bus driver now I think.

[DodgyAgent]

What a load of rubbish. So what if there are rich kids who don't have to work. There always has been and always will be so get over it. If I can provide for my children in event of my death then I will but if the money will go to the government I can guarantee I will piss it up against the wall instead.

Incidentally, if this is the only reason you can think of for the Tories not to win the general election then things aren't so bad after all...

It is not rubbish at all. If there is a straight choice between taxing inheritance and taxing work then the former is the least harmful of all. It is not a question of "So what if there are rich kids who don't have to work" it is a question of what is the most harmless form of tax.

Your children should be able to look after themselves if you die, just as everyone else's manage it (unless they are under in which case you should have some life assurance).

I truly believe that the giving of money to children is a form of control, and my hat goes off to people like sean Connery for resisting any temptation to ruin his children by stripping them of the motive to work and make their own way in life.

[DodgyAgent]

So you are leaving your money to the govt?

No, that is not my point, but I will be leaving it to the RFU so that we can keep beating the All Blacks

[DodgyAgent]

I understand your point, but as I said, where are the incentives to invest? Why would anyone purchase shares or property? Why would anyone work beyond what they could reasonably spend in a life time?
There is a down side to your point, I just want to hear your thoughts.

I knew a kid once who was bought a 911 for his 18th. He was a total hooray who squandered his education and sneered at us poor kids. I asked what he would do when daddy went bust, quite prophetically as it turned out. Bus driver now I think.

Investments are made for the benefit of those who are living, not for the benefit of people when they die. If I am taking risks, and investing my money I am interested in having enough funds eventually to look after myself in my old age. I would regard myself as failing as a parent if I felt that I needed to finance my children in any way.

The nephew of the founder of New Look was decapitated following a 90mph collision in his fathers SL Merc on the Kings road a couple of years ago, leaving a taxi driver crippled for life. Joy riders from council estates cause deaths by racing against police cars. There is no difference between the two groups.

[Dow Jones]

Vote-winner

Well done Cameron/Osborne for this. If you remember, this was the turning point last year when they suggested it should go up to £ 1m and their poll-ratings shot up. Can't think of anyone with an ounce of contractor brain that doesn't want this. How many times do we want to be taxed? 1. Earnings - 2. Stamp Duty - 3. Council Tax - 4. Inheritance tax? Building a better future for your family and primarily for your children is what we all strive for. Forget we also have the likes of super-rich St. Richard Branson and St. Bill Gates who have amassed a great fortune, telling us that all their money will go to charity and their children are to be left with nothing so they should be like them (God forbid).

[DimPrawn]

Investments are made for the benefit of those who are living, not for the benefit of people when they die. If I am taking risks, and investing my money I am interested in having enough funds eventually to look after myself in my old age. I would regard myself as failing as a parent if I felt that I needed to finance my children in any way.

The nephew of the founder of New Look was decapitated following a 90mph collision in his fathers SL Merc on the Kings road a couple of years ago, leaving a taxi driver crippled for life. Joy riders from council estates cause deaths by racing against police cars. There is no difference between the two groups.

WTF are you talking about?

I despair the CUK collective these days.

[DodgyAgent]

Well done Cameron/Osborne for this. If you remember, this was the turning point last year when they suggested it should go up to £ 1m and their poll-ratings shot up. Can't think of anyone with an ounce of contractor brain that doesn't want this. How many times do we want to be taxed? 1. Earnings - 2. Stamp Duty - 3. Council Tax - 4. Inheritance tax? Building a better future for your family and primarily for your children is what we all strive for. Forget we also have the likes of super-rich St. Richard Branson and St. Bill Gates who have amassed a great fortune, telling us that all their money will go to charity and their children are to be left with nothing so they should be like them (God forbid).

Giving money to children is not building a better future for them. As for your point about Gates and Branson, controlling your children by giving them money is done in order to make your children more like yourself than letting them find their own way in life.